DTN Early Word Grains         09/09 05:47
   Row-Crop Traders Position Ahead of Friday's USDA Crop Estimates

   December corn is up 1/4 cent per bushel, November soybeans are up 2 1/2
cents, December KC wheat is up 6 cents, December Chicago wheat is up 6 cents,
and MIAX December Minneapolis wheat is up 0.0750 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: December corn is up 1/4 cent per bushel,
November soybeans are up 2 1/2 cents, December KC wheat is up 6 cents, December
Chicago wheat is up 6 cents, and MIAX December Minneapolis wheat is up 0.0750
cents.

   CME GLOBEX RECAP: On Tuesday, December corn dropped 3 1/4 cents, November
soybeans rose 6 1/2 cents, and December KC wheat rose 16 3/4 cents. Soybean
basis was weaker, while corn, soft red winter wheat, and hard red winter wheat
basis was stronger Tuesday, and spring wheat basis was steady. Returning from
the long holiday weekend, the row crop markets traded mixed. Wheat prices are
well supported by the ongoing war in the Black Sea that is disrupting grain
shipments now and into the future. U.S. negotiations with Russian and Ukrainian
leaders have not led to peace. Corn and soybean traders are waiting for
Friday's release of the USDA's latest crop estimates in its monthly World
Agricultural Supply and Demand Estimates (WASDE) report. Private estimates are
already circulating ahead of the report. Larger crop sizes appear to be the
theme. Outside markets are underpinning the farm markets, namely crude oil,
which reached $100 a barrel for the first time since July early Wednesday. The
jump comes after a fresh round of U.S. strikes on Iranian tankers Tuesday.

   OUTSIDE MARKETS: The previous close on Tuesday showed the Dow Jones
Industrial Average down 628.18 at 52,786.07 and the S&P 500 down 45.08 at
7,673.52. The 10-Year Treasury yield ended at 4.806%. Early Wednesday, the
September Dow Jones Futures are down 207 points. European markets are lower,
with spot futures for London's FTSE 100 down 0.55%, spot futures for Germany's
DAX down 1.23%, and spot futures for France's CAC 40 Index down 1.45%. Asian
markets are mixed, with Japan's Nikkei 225 Index down 0.19% and China's
Shanghai Composite Index up 0.28%.